Sunworks Inc (NASDAQ:SUNW)’s share price shot up 3.4% during mid-day trading on Monday . The company traded as high as $3.08 and last traded at $3.00, with a volume of 349,012 shares traded. The stock had previously closed at $2.90.

A number of brokerages have issued reports on SUNW. Zacks Investment Research upgraded Sunworks from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. TheStreet upgraded Sunworks from a “sell” rating to a “hold” rating in a report on Friday, June 3rd.

The firm’s 50-day moving average is $2.46 and its 200-day moving average is $2.58. The firm has a market cap of $59.88 million and a price-to-earnings ratio of 33.30.

Sunworks (NASDAQ:SUNW) last issued its quarterly earnings results on Wednesday, May 11th. The company reported ($0.02) earnings per share for the quarter. The firm earned $19.60 million during the quarter, compared to the consensus estimate of $5.70 million. On average, equities analysts forecast that Sunworks Inc will post $0.19 earnings per share for the current fiscal year.

Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.

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